US EditionUS appeals court rejects Nasdaq's diversity rules for company boards
- A federal judge ruled that Nasdaq's diversity board rules were unconstitutional, which required companies to have a specific number of directors from underrepresented communities.
- Critics of the rules argued they discriminated against non-minority candidates, impacting corporate governance practices.
- Supporters believed the rules were necessary to promote diversity, and the ruling may affect other corporate diversity initiatives in the future.
48 Articles
48 Articles
Short Circuit: A Roundup of Recent Federal Appeals Court Decisions
Please enjoy the latest edition of Short Circuit, a weekly feature written by a bunch of people at the Institute for Justice. New cert petition: Midland County, Tex. hired a prosecutor to secretly moonlight as a paid law clerk for nearly two decades, helping judges decide his and his colleagues' cases—an "utterly bonkers" due-process violation and a "DEFCON 1 legal scandal." But over the "emphatic[]" dissent of six judges, who asked the Supreme …
Appeals Court Trashes SEC's Demands for Board Diversity
This article originally appeared on WND.com Guest by post by Bob Unruh Decision finds agency simply lacked the authority to impose its requirements. A federal appeals court has trashed the rules imposed by the Securities and Exchange Commission that required companies to have quotas from various population groups. The decision found the SEC had no authority to impose its demands. “We are grateful the court reached the right conclusion in this ca…
Court Deals Blow To Major Stock Exchange’s Efforts At Pushing Diversity Rules On Companies
by Ireland Owens at CDN - An appeals court in Louisiana on Wednesday rejected Nasdaq’s proposed rules aimed at increasing diversity on company boards. The Fifth U.S. Circuit Court of Appeals in New Orleans ruled that Nasdaq cannot implement its proposed diversity policies, which would require companies listed on the stock exchange to have or disclose … Click to read the rest HERE-> Court Deals Blow To Major Stock Exchange’s Efforts At Pushing …
Nasdaq's diversity requirement, called 'identity politics,' struck down by Fifth Circuit
NEW ORLEANS (Legal Newsline) - A closely divided federal appeals court has struck down a rule requiring companies on the Nasdaq stock exchange to recruit women and minority board members, saying the regulation wasn’t authorized under federal securities law and didn’t promote the core goals of eliminating fraud.While technically private companies, Nasdaq and other securities exchanges are required to clear any rule changes with the Securities Exc…
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